Features

Pa. state senator eyes legislation to incentivize steelmaking
Written by Ethan Bernard
May 12, 2025
A Pennsylvania state senator plans to submit legislation to incentivize steelmaking in the state.
Democrat Nick Pisciottano intends to introduce the Fueling Opportunities for the Revitalization, Growth, and Efficiency of Steel (FORGES) Tax Credit to the state legislature.
His District 45 includes steel operations such as U.S. Steel’s Mon Valley Works.
In a statement on May 7, Pisciottano said FORGES “will exempt Pennsylvania-made steel from the Sales and Use Tax to incentivize production in facilities in our state and generate demand for high-quality Pennsylvania steel at competitive prices.”
He added that the FORGES tax credit program “will reward capital investments in steelmaking facilities in Pennsylvania with additional credits available for investments made in the newest steelmaking technologies.”
Pisciottano emphasized the importance of steel to the US economy.
“Our country needs to do more to protect its manufacturing base, and steel is a key industrial sector for the nation’s economic success as well as its national security,” he said.

Ethan Bernard
Read more from Ethan BernardLatest in Features

Final Thoughts: Survey says edition
SMU’s latest survey results indicate that steel market participants think sheet prices are at or near a bottom. But most also think there is limited upside once they inflect higher.

SMU Scrap Survey: Current and Future Sentiment tick down
SMU’s Current Sentiment Index for scrap decreased this month, a move mirrored by our Future Sentiment Index, according to the latest data from our ferrous scrap survey.

Leibowitz: When the shutdown should end
There is no doubt that the current government shutdown reflects the vast divisions between the extremes of American politics, society, and even geography. Almost all Americans agree that government is necessary, but voters disagree...

SMU Survey: Buyers’ Sentiment slips again, future outlook improves
Each of our Sentiment Indices continues to reflect that steel buyers are positive about their present and future business prospects, though that confidence has eased considerably compared to the beginning of the year.

SMU scrap market survey results now available
SMU’s October ferrous scrap market survey results are now available on our website to all premium members.